This property looks like a bad Mid-Term investment with a projected -10% first-year return on $175k initial cash invested.
-10%
Cash On Cash
4.32%
Cap Rate
0.68
DSCR
$5,048
Rent
-$1,455
Cashflow
Cash Flow
$5,048 income − $6,503 expenses = $1,455 out of pocket
Investment Breakdown
|
Purchase Price
$746k
Downpayment
20.0%
Interest Rate
6.9%
Mortgage Duration
30yr.
Cash To Invest
Total
$175k
Downpayment
20%
$149k
Closing costs
1%
$7,457
Rehab
0%
$0
Furnishing
2%
$18,000
Cashflow
Total Income
$5,048
Total Expenses
$6,503
Mortgage P&I
78%
$3,939
Property Taxes
12%
$584
Home Insurance
5%
$264
HOA
0%
$0
Property Management
12%
$606
CapEx
4%
$202
Vacancy
3%
$151
Maintenance
4%
$202
Other
11%
$555